News

RIMS Cyber Survey 2015: 51% of members have stand-alone cyber insurance policies by Rosalie Donlon

14/06/2015 08:28
Top three first-party exposures for risk managers are reputational harm, business interruption, and data breach response and notification  Every day the reports of cyber attacks become...

Cyber attacks cost British industry £34bn a year by By Alan Tovey, Industry Editor

12/06/2015 11:24
As well as the multi-billion-pound price tag, the threat from hackers is holding business innovation back, a new report finds Defending Britain against cyber attacks and repairing the damage...

Personal data now prime target for cyber criminals

11/06/2015 08:47
(Reuters) — Whoever was behind the latest theft of personal data from U.S. government computers appears to be following a new trend set by cyber criminals: targeting increasingly valuable medical...

Oceanwide launches new cyber risk assessment tool

11/06/2015 08:45
Oceanwide, An Insurity Company, has released a new cyber risk assessment tool designed to help insurers identify and mitigate company-specific risks to data and privacy. The tool is designed to...

The Devil Is in the Details of Cyber by Roberta Anderson

08/06/2015 06:00
Summary: A major case, one of the first disputes under a cyber insurance policy that has resulted in litigation, shows why details matter so much. There’s a tempest amid the recent spring shower of...

Checking your vendors’ cyber-security practices by Jennifer Cummings

07/06/2015 21:23
A weak link in many financial advisers’ cybersecurity plans is the outside companies that help run their businesses, such as payroll companies and computer-repair firms. Advisers want to focus on...

Rise in UK Cybersecurity Incidents as Average Costs Soar by Mike Hine

04/06/2015 15:41
Almost three-quarters of small UK businesses, and 90% of large organizations, have experienced a security breach, roughly a 10% increase for both compared with the same time last year. This is one of...

Our cars are becoming another device on the Internet of Things EDT Writer Adam Wernick Producer Alexa Lim

03/06/2015 23:00
In case you haven't noticed, cars are gradually transforming into computers on wheels. All the things we love about our devices have become more and more integrated into our driving experience: music...

Cyber insurance set to become the norm by 2025

01/06/2015 06:31
Category Data SecurityArticle date 30 May 2015 Cyber insurance is set to become an essential for many businesses over the next ten years, it has been forecast. Research unveiled by the...

Internet of hackable things: wired world wide open to new age of cyber crime by Mark White

24/05/2015 10:56
It sounds like the stuff of sci-fi nightmares – a stranger hacking your baby cam and shouting abuse at your toddler. Someone controlling your home's lights and power points via a system that should...

Think You Don’t Need Cyber Insurance? Think Again! by Monica Bay

23/05/2015 06:16
Think you don’t need cyber insurance? Think again. Big Law is a big target for cyber thieves, experts warn. For starters, law firms are viewed by criminals as low-hanging fruit — because firms are...

Insurance Requirements When Buying a Smart Car by Barry Rabkin

20/05/2015 22:31
Let's jump ahead to a time when increasingly more people decide to buy a smart car. If I was the buyer there are certain insurance coverages I would want to buy and certain insurance coverages I...

Majority of companies significantly under-insured for cyber risk by Caitlin Bronson

15/05/2015 04:48
About 80% of companies are likely to suffer a data breach within 12 months, and while most of the associated costs will total less than $1 million, there’s a 5% chance the breach will cost the...

Starbucks data breach shows the real damage of a breach by Art Gross

15/05/2015 04:43
Starbucks has a big problem. Don’t worry, they will still sell you their $5 cup of coffee. The problem they are dealing with is the repercussions of a data breach. The breach is connected with...

Your Cyber Insurance Questions Answered By Sarah Ludwig

14/05/2015 15:53
Although cyber insurance has been around for a few years now, since it is still a fairly new concept and the industry is expected to grow exponentially in the near future, companies may have...

Over 90% percent of data breaches in first half of 2014 were preventable by Charlie Osborne

13/05/2015 06:50
Summary:The Online Trust Alliance says that a high percentage of data breaches were the result of staff mistakes -- rather than external hacking. Over 90 percent of data breaches in the first half of...

Data breaches to cost global economy $2 trillion by 2019 by Zack Whittaker

13/05/2015 06:47
Data breaches are set to cost the global economy as much as $2 trillion in the next five years.   Over 90 percent of data breaches in first half of 2014 were preventable Read...

90% of firms in this industry were hit by a cyber-attack in past 2 years by Benjamin Lane

13/05/2015 06:40
Nearly 90 percent of US healthcare providers have been hit by a data breach since 2013, costing the industry an estimated $6 billion a year, according to the latest data from the Ponemon...

Cyber Insurance Offers More Than Just Protection Against External Cyber Attacks by Travis Wall

12/05/2015 14:24
Massive data breaches have become so prevalent that they are no longer big news. The cyber attacks that do grab headlines typically involve banks or large retailers, in which tens or hundreds of...

How to Teach Your Employees to Recognize Hacker Scams by Art Gross

07/05/2015 12:55
  Cyber criminals are on the prowl for business data. Every company, no matter the size, has valuable data that's as enticing as cracking a safe--but with far less risk, because...
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